Turning A Spare Room Into Spare Change

Turning A Spare Room Into Spare Change

If you're looking for new ways to earn money, have you ever thought that a spare room could bring you spare change?

This post could give you all the inspiration you need - along with things to look out for.

Hey to all our lovely readers - it's the Sprinkles of Style team and we're back with another post which a lot of you will find interesting!

If you're someone who spends a lot of time making sure that your interior decor is just right and always ensure you're maintaining your home - have you ever considered that you might be able to make extra money?

There's a huge increase in demand when it comes to services like Airbnb and thousands of people have realised that their own home could provide an extra source of income.

Of course, this involves much more than letting strangers sleep over and expecting them to pay - it should be considered as a business and you also have to be responsible and take care of everything that comes with it.

In this post, we've highlighted what you need to know and look out for if it's something you're considering.

Treat it like a business

Informality isn't going to earn you any more money. If you're going to start using your property for accommodation, then you'll want to make sure that you do it to a professional standard.

If you're using Airbnb and you're new to the whole game then partnering up with Airbnb Management Services can help you set the right price, market your property and also deal with many of the guests' needs for you.

As it's your home - your guests are going to be strangers so it's also wise to invest in a little vetting ahead of time too. Identity checks can be carried out to make sure that you're only letting the right people to stay in the spare room.

Behave Like A Host

You need to create a full-functioning guest room in the style of a B&B (Bed & Breakfast) - starting off with the decor, you'll need to go a few steps and beyond to create a beautiful, relaxing room for your guests.

Think about things you expect to see in a hotel such as a kettle, fresh towels, a hairdryer, a TV and of course WIFI which are all considered essentials and will add bonus points when it comes to recommendations.

Make Sure You're Covered

Take your time to create a thorough guest agreement which can offer a significant amount of security - covering both yourself and your guest.

These contracts and agreements should cover things such as the check in / check out times, responsibility for any damage and generally establish clear rules between you and your guest which should be signed from both sides.

Renting out a room isn't always simple or easy so it's worth giving it a try and seeing if you like it.

You never know, you could end up making extra money without too much effort depending on where you live so if you have a spare room - it's worth checking it out and giving it a go.

You know that we all love reading your comments here at Sprinkles of Style so let us know what you think.